SXC Health Solutions expands presence in state Medicaid programs

    - Company to provide industry-leading PBM technology solutions
    and services for the Commonwealth of Virginia's Medicaid
    drug rebate program -

    LISLE, IL, May 11 /CNW/ - SXC Health Solutions Inc. ("SXC") (NASDAQ:  
SXCI, TSX: SXC), a leading provider of pharmacy benefits management ("PBM")
services and healthcare IT solutions to the healthcare benefits management
industry, announces that its HealthCare Information Technology ("HCIT") Group
has been awarded a Medicaid Drug Rebate Services contract by the Commonwealth
of Virginia's Department of Medical Assistance Services ("DMAS").
    Under terms of the agreement, SXC will provide drug rebate management
services including: invoicing, payment receipt and reconciliation, dispute
tracking and resolution, payment collection, and reporting. SXC's system will
interface with the State's MMIS Core technology as well as with DMAS
Technology. SXC's solutions meet the requirement standards of the Omnibus
Budget and Reconciliation Act (OBRA) of 1990, Deficit Reduction Act of 2005,
Centers for Medicare & Medicaid Services and the Commonwealth of Virginia.
    "We are very pleased to expand our presence in the government market
which is a promising growth area for SXC," said Mark Thierer, President and
CEO of SXC. "This award reinforces our successful government market strategy
of offering superior state-of-the-art technology solutions uniquely combined
with our government/Medicaid domain expertise, and deployed in a
fee-for-service model."

    About SXC Health Solutions Corp.

    SXC Health Solutions Corp. is a leading provider of pharmacy benefits
management (PBM) services and Health Care Information Technology (HCIT)
solutions to the healthcare benefits management industry. The Company's
product offerings and solutions combine a wide range of software applications,
application service provider (ASP) processing services and professional
services, designed for many of the largest organizations in the pharmaceutical
supply chain, such as Federal, provincial, and, state and local governments,
pharmacy benefit managers, managed care organizations, retail pharmacy chains
and other healthcare intermediaries. SXC is headquartered in Lisle, Illinois
with multiple locations in North America. For more information please visit

    %SEDAR: 00001439E

For further information:

For further information: Jeff Park, Chief Financial Officer, SXC Health
Solutions Corp., Tel: (630) 577-3206,; Dave Mason, Investor
Relations - Canada, The Equicom Group Inc., (416) 815-0700 ext. 237,; Susan Noonan, Investor Relations - U.S., The SAN
Group, LLC, (212) 966-3650,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890